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Inheritance Tax: What is it? Is it necessary for an NRI to pay this tax?

Inheritance Tax: What is it? Is it necessary for an NRI to pay this tax?

Thu, Aug 10, 2023

The key lies in comprehending the nuances of taxation on inherited immovable property. While the transfer of inherited property itself does not attract taxation, the sale of such property can trigger tax implications.

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Aadhaar card for NRIs! Modi government extends this facility to Indians living abroad

Aadhaar card for NRIs! Modi government extends this facility to Indians living abroad

Sat, Sep 21, 2019

According to the notification issued by Union Ministry of Electronics and Information Technology, the NRIs will be able to easily make their Aadhaar card on arrival in India. However, the benefit of this rule will be available only to those NRIs who hold an Indian passport.

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Ravi Mehta, Indian-origin hedge fund boss, breaks rental record in UK

Ravi Mehta, Indian-origin hedge fund boss, breaks rental record in UK

Wed, May 01, 2019

Ravi Mehta who founded Steadview Capital Management — an India focussed hedge fund company is reportedly paying 250 pounds per square foot as rental for his company's head office at Berkeley Square, London.

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TRENDING NOW

NRIs arrival to Kerala in December will increase our Volumes: JC Sharma, Sobha Ltd.

NRIs arrival to Kerala in December will increase our Volumes: JC Sharma, Sobha Ltd.

Tue, Nov 13, 2018

JC Sharma, Vice Chairman & Managing Director, Sobha Ltd., in an interview with Zee Business, talks about the reason for the decline in realisations, expansion plans beyond Bangalore and liquidity concerns among others.   

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India's December external debt falls to $456.1 billion: Govt

India's December external debt falls to $456.1 billion: Govt

Fri, Mar 31, 2017

India`s end-December external debt fell by $29 billion to $456.1 billion from end-September, largely driven by a decline in long-term debt, the finance ministry said on Friday. The fall in Non-resident Indian deposits reflected Foreign Currency Non-Repatriable (B) deposits redemption.

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Demonetisation: RBI turns down Indians, NRIs went for exchange of old notes as deadline ends today

Demonetisation: RBI turns down Indians, NRIs went for exchange of old notes as deadline ends today

Fri, Mar 31, 2017

The Reserve Bank of India (RBI) offices have turned down several Indians including NRIs went for exchanging old currency notes as the deadline ends on March 31, 2017. 

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HSBC, UBS stop issuing P-Notes as India steps up clampdown

HSBC, UBS stop issuing P-Notes as India steps up clampdown

Sun, Feb 19, 2017

Sebi has shared with the government for further action a list of foreign fund houses that are found to have issued the Offshore Derivative Instruments (ODIs), popularly known as Participatory Notes (P-Notes), to Indian nationals, while probe is on in several other suspected cases of NRIs/PIOs.

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RBI allows NRIs access to currency derivatives market

RBI allows NRIs access to currency derivatives market

Sat, Feb 04, 2017

"With a view to enable additional hedging products for NRIs to hedge their investments in India, it has been decided to allow them access to the exchange traded currency derivatives market to hedge the currency risk arising out of their investments in India under FEMA (Foreign Exchange Management Act), 1999," the RBI said in a notification on Thursday.

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NRIs can exchange old specified bank notes till June 30, other Indians till March 31: RBI

NRIs can exchange old specified bank notes till June 30, other Indians till March 31: RBI

Sun, Jan 01, 2017

The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified bank notes (SBN) for Indian residents and non-residential Indians (NRIs), who were abroad from November 9 to December 30.

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